SHARE AND SHARE ALIKE: Although Farfetch remains privately owned, it’s starting to adopt the style of a publicly quoted company. On Thursday, the fashion retail platform said all employees will be offered share options in the company through a new initiative called Farfetch For All. As of Feb. 1, a total of 1,300 people, from junior staff to executives across 11 offices globally, were included in the scheme.
“We have become one of only 200 private companies globally to have achieved a valuation of over $1 billion dollars. We are very proud of our achievements and want to reward our people who have helped to bring them to fruition,” said José Neves, chief executive officer and founder of Farfetch. “We are reinforcing this message to our people and rewarding all who have participated in this journey so far, as well as hoping to attract new talent who embrace these values as we look to the future.”
The incentive plan equates to an investment of $40 million, based on the latest company valuation. Farfetch said it was the single largest investment the company has made to date. Farfetch said the group, which includes global subsidiaries, offices and the business units of the Farfetch.com, Browns,
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